Indian Multiplexes

'We would love to have more players entering the market because that is how the business will grow'

A regular multiplex typically has 4-5 screens per property. Larger ones may go up to 7-8 screens at a single location

A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes

Multiplex chain operator Inox Leisure Ltd on Wednesday reported a narrowing of its consolidated net loss to Rs 40.37 crore for the second quarter that ended on September 30, 2022, helped by rising footfalls at cinema halls. The company had posted a net loss of Rs 87.66 crore in the July-September period a year ago, said Inox Leisure in a BSE filing. Its revenue from operations during the quarter under review was at Rs 374.12 crore, up multi-fold in comparison to the low base of the corresponding quarter of the previous year when the cine exhibition industry was impacted due to the second wave of the COVID-19 pandemic. Inox Leisure's revenue from operations in the July-September quarter of the last fiscal stood at Rs 47.44 crore. Total expenses were at Rs 434.24 crore, up two-fold. During the July-September quarter, 11.6 million guests visited Inox cinemas and reported "ATP (Average Ticket Price) of Rs 215 and the highest ever quarterly SPH (Spending Per Head) at Rs 102". This wa

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Implementation of a box office monitoring system, sharing of promotion cost by multiplexes, phasing out the virtual print fee are among other suggestions made by antitrust watchdog

Multiplex Association of India (MAI) on Tuesday said that the National Cinema Day, which was earlier scheduled to be celebrated on September 16, will now be held on September 23. Over 4,000 screens at multiplexes from across the country, including PVR, INOX, Cinepolis, Carnival, and Delite, have teamed up to offer "celebratory admission price" of Rs 75 to mark the National Cinema Day. The MAI said the commemoration of the National Cinema Day was postponed "on request from various stakeholders and in order to maximize participation". "The Multiplex Association of India (MAI) and Cinemas across India, welcome moviegoers to spend a day at the movies with a celebratory admission price of Rs 75 to mark National Cinema Day. "The National Cinema Day was previously announced to be held on 16th September, however, on request from various stakeholders and in order to maximize participation, it would now be held on 23rd September," the national multiplex trade body said in a statement. The .

Various companies like PVR, INOX, Cinepolis, Carnival, Miraj, Citypride, Asia, Mukta A2, Movie Time, Wave, M2K, and Delite have agreed to be a part of the celebrations

INOX to open a three-screen multiplex in Srinagar, its first

Broadcasters, multiplex operators counting on September-December period that is marked by regional and national fests

While in-cinema advertising is yet to reach pre-pandemic levels, multiplex operators are making the next big leap to lure brands. Will it revive the market?

Q1 marks a full quarter of operations post pandemic for cinemas. This will reflect in financials of these firms, with likely revenue growth at 65-70% for PVR and Inox sequentially

TMS Ep188: Prem Watsa, drone start-ups, multiplexes stocks, stagflation

Why is Prem Watsa so bullish on India? Why are the big boys of India Inc acquiring drone start-ups? Why are analysts dumping diagnostics stocks for multiplexes? What is stagflation? All answers here

PVR, Inox and Cinepolis adding 125, 77 and 60 screens, respectively, in FY23

Record label and Bollywood major T-Series, along with tycoon Anil Ambani's Reliance Entertainment Ltd. have agreed to jointly develop more than 10 features over the next 36 months

Multiplexes and theatres in Chennai and other parts of Tamil Nadu, as well, will start receiving film lovers from August 27, nearly four months after cinema halls were closed

According to industry experts, the absence of any new major release from Indian production houses is the biggest challenge multiplex operators face

Amid declining COVID-19 cases in the national capital, cinema halls across the city resumed business as they prepare to open with 50 per cent seating capacity.Halls were carefully sanitised and UV lights were installed in several theatres."Expecting to open by Friday. Producers are waiting to release their movies here because 'big screen is big screen'," said Delite Cinema Manager while speaking to ANI.Proprietor of Liberty cinema and President of Cinema Owners' Association of Delhi, said "The government has allowed cinemas to open with 50 per cent occupancy. We welcome this decision of the government. Cinemas are fully prepared to reopen. Everything is in place. The primary focus should be on proper sanitisation which is being taken care of."According to the manager at the Delite Cinema Hall, snacks will not be allowed in the halls and only seal-packed eatables will be available for sale.The Delhi government on Saturday issued orders allowing cinemas/theatres/multiplexes to reopen ...

The pandemic and OTT have changed the cinema ecosystem. Now, as states start allowing movie halls to reopen, the road to recovery is in sight. But it is likely to be long and hard

Cinema, retail, and shopping industries won't be able to bear another lockdown, industry associations said on Thursday